Brand Atlantic Real Estate Partners, Wheelock Street Capital, and B+H Architects released design plans for a new mixed-use office block in West Palm Beach called Banyan & Olive.
The project is intended for technology and finance firms relocating to an area that is becoming known as Wall Street South. “Over the last two years, West Palm Beach has become an emerging destination for finance and tech, with major players in both sectors relocating to the area,” said Patrick Fejer, principal at B+H, in a news release. “With that growth comes a demand for a new type of mixed-use office space that emphasizes mixed-use spaces, luxury amenities to the public realm, and connection to outdoors. This evolution of the local workforce means a change in vision for the downtown. It’s an exciting time to be building in West Palm Beach.”
The development includes the original heritage building on the site, 111 Olive. That structure will be retained, restored, and transformed into a three-story mixed-use tower with ground floor retail, a new marquee restaurant at grade that will have an expansive outdoor patio, and boutique office space on the top two floors. “Previously occupied by a department store, it was paramount that the original art moderne aesthetic be retained to connect back to the historic fabric of the neighborhood,” according to a news release.
A vacant parking lot next to 111 Olive will house 300 Banyan, a 12-story geometric glass tower with Class A office space. It will include an expansive amenity floor equipped with a state-of-the-art indoor/outdoor gym and private outdoor terraces that can be used year-round. The tower will include an elevated parking garage with ground floor retail, a lobby, and food and beverage offerings.
Connecting 111 Olive and 300 Banyan will be a public walkway that can accommodate food and beverage and retail pop ups or cultural programming to foster a sense of community between both buildings. The strategy to integrate with the community reflects the recent revitalization of downtown West Palm Beach into a bustling arts and entertainment district that is now a major player in the finance and tech economy, the release says.
The project will be delivered in two phases: 111 Olive is scheduled for delivery and occupancy in the 4th quarter of 2022; 300 Banyan is scheduled for delivery and occupancy in the 4th quarter of 2023.
Owner and/or developer: Brand Atlantic Real Estate Partners and Wheelock Street Capital
Design architect: B+H Architects
Architect of record: Spina O'Rourke + Partners
MEP engineer: OCI Consulting Engineers
Structural engineer: Bliss & Nyitray, Inc.
General contractor/construction manager: Gilbane
Related Stories
Office Buildings | Jun 26, 2023
Electric vehicle chargers are top priority for corporate office renters
Businesses that rent office space view electric vehicle (EV) charging stations as a top priority. More than 40% of companies in the Americas and EMEA (Europe, the Middle East and Africa) are looking to include EV charging stations in future leases, according to JLL’s 2023 Responsible Real Estate study.
Laboratories | Jun 23, 2023
A New Jersey development represents the state’s largest-ever investment in life sciences and medical education
In New Brunswick, N.J., a life sciences development that’s now underway aims to bring together academics and researchers to work, learn, and experiment under one roof. HELIX Health + Life Science Exchange is an innovation district under development on a four-acre downtown site. At $731 million, HELIX, which will be built in three phases, represents New Jersey’s largest-ever investment in life sciences and medical education, according to a press statement.
Office Buildings | Jun 15, 2023
An office building near DFW Airport is now home to two Alphabet companies
A five-minute drive from the Dallas-Fort Worth International Airport, the recently built 2999 Olympus is now home to two Alphabet companies: Verily, a life sciences business, and Wing, a drone delivery company. Verily and Wing occupy the top floor (32,000 sf and 4,000 sf, respectively) of the 10-story building, located in the lakeside, work-life-play development of Cypress Waters.
Engineers | Jun 14, 2023
The high cost of low maintenance
Walter P Moore’s Javier Balma, PhD, PE, SE, and Webb Wright, PE, identify the primary causes of engineering failures, define proactive versus reactive maintenance, recognize the reasons for deferred maintenance, and identify the financial and safety risks related to deferred maintenance.
Mixed-Use | Jun 12, 2023
Goettsch Partners completes its largest China project to date: a mixed-used, five-tower complex
Chicago-based global architecture firm Goettsch Partners (GP) recently announced the completion of its largest project in China to date: the China Resources Qianhai Center, a mixed-use complex in the Qianhai district of Shenzhen. Developed by CR Land, the project includes five towers totaling almost 472,000 square meters (4.6 million sf).
Mixed-Use | Jun 6, 2023
Public-private partnerships crucial to central business district revitalization
Central Business Districts are under pressure to keep themselves relevant as they face competition from new, vibrant mixed-use neighborhoods emerging across the world’s largest cities.
Energy-Efficient Design | Jun 5, 2023
Implementing an ‘asset drawdown strategy’ for site decarbonization
Solidifying a decarbonization plan via an “asset drawdown strategy” that carefully considers both capital and operating costs represents a game-changing opportunity for existing properties to compete with new projects.
Office Buildings | Jun 5, 2023
Office design in the era of Gen Z, AI, and the metaverse
HOK workplace and interior design experts Kay Sargent and Tom Polucci share how the hybrid office is evolving in the era of artificial intelligence, Gen Z, and the metaverse.
Urban Planning | Jun 2, 2023
Designing a pedestrian-focused city in downtown Phoenix
What makes a city walkable? Shepley Bulfinch's Omar Bailey, AIA, LEED AP, NOMA, believes pedestrian focused cities benefit most when they're not only easy to navigate, but also create spaces where people can live, work, and play.
Mixed-Use | Jun 1, 2023
The Moore Building, a 16-story office and retail development, opens in Nashville’s Music Row district
Named after Elvis Presley’s onetime guitarist, The Moore Building, a 16-story office building with ground-floor retail space, has opened in Nashville’s Music Row district. Developed by Portman and Creed Investment Company and designed by Gresham Smith, The Moore Building offers 236,000 sf of office space and 8,500 sf of ground-floor retail.
